Be aware of all the FUD! Don´t believe those who try to tell you Bitcoin or cryptocurrency in general are dead, because it´s simply not true at all. Actually the exact opposite seems to be the case!
A Goldman Sachs financed startup buys Poloniex, the G20 leaders declare that crypto don´t pose any risk to the financial system and are therefore not opening the fire against them. Definitely quite good news if you ask me 😉
But why does the market go down then?
Well I´ve got a theory, one that´s getting discussed or expected to be true by many others out there as well, it´s Institutional money. Institutional money that keeps the prices down so they can squeeze as many coins as possible out of the weak hands.
Due to the comparably low liquidity of the crypto market it´s relatively easy to make the price go up or down in case you got the necessary funds available to play a bit. But quite a lot of the retail investors holding Bitcoin or alts don´t have the freedom to play with their money too much and rather accept some losses than to loose it all.
The longer the market goes down the more people are likely to believe the FUD, panic and sodl their coins right into the hands of the big players, which will later on sell them back to us at way higher prices.
So please don´t fall for it, hodl your coins and stay strong throughout the crisis. You might doubt me but don´t forget that the well known gurus just like Warren Buffet always say, that you gotta buy whenever there´s blood in the streets!
I stay strong! I HODL!
What about you?
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